'If they know the major and the institutions that they are looking at applying for, this supplies info about how much they can make within a few years after they graduate.' The research 'is a great starting point for students or families that are considering a post-secondary decision,' Itzkowitz said. 4, provides typical earnings of $103,626 four years after getting a piece of parchment.

The highest paying college majors are focused in STEM field, yet there are some niche subjects among them, like naval architecture and marine engineering, with grads in those fields earning an average of $109,121 four years after they graduate. 'Most deliver on that promise, but there are some that don't.' College majors that make the most money And college grads on average have four times the wealth as workers without bachelors degrees, it noted. The typical college grad between 25 to 64 years old has an annual income of $127,000, compared with the typical pay of $61,000 for those without a degree, Third Way found. Those without a college degree are also five times as likely than people with diplomas to be in poverty and lack health insurance, it found.

While people without college degrees can earn solid pay - and even earn more than someone with a bachelor's degree - there is, on average, a significant wealth and income gap between Americans with a college degree and those without, according to new research from Third Way.

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